OKEx found a way to please its customers by launching a new service OKPiggyBank. It allows users to get interest on their spare digital assets daily. How does it work?
Simply. The user will be able to transfer assets without any limit between the two platforms, then on the second day, the interest starts piling up. And on the third day the rewards will be credited. There is also auto balance function, which allows users to transfer balance automatically.
The list of assets that will be supported on the platform will include:
- Bitcoin (BTC),
- Ethereum (ETH),
- Ripple’s XRP,
- Tether (USDT),
- Litecoin (LTC),
- Ethereum Classic(ETC).
The interest rate calculated in the following way:
- 85% of daily margin trading interest got by the user;
- 15% will take OKEx itself for operation costs of the service.
The service is not available for majority of people, though everyone is able to find the service on Account tab of the interface of the crypto exchange.
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